China's Bank of Communications Co Ltd (BoCom), reported a 1.44% rise in first-quarter net profit amid a slowing economy. BoCom, the first among five of the nation's biggest state banks reporting first-quarter results, booked a net profit of 24.99 billion yuan ($3.45 billion) in the three months ended March, up from 24.63 billion yuan in the same period last year, the bank said in a filing on Friday. China's lenders face shrinking profitability as they are urged to reduce interest rates on loans to help bolster flagging sectors as lending demand falls.
Composable Infrastructure Market Composable Infrastructure Market Dublin, April 26, 2024 (GLOBE NEWSWIRE) -- The "Composable Infrastructure - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.Global Composable Infrastructure Market to Reach $73.5 Billion by 2030The global market for Composable Infrastructure estimated at US$3.6 Billion in the year 2022, is projected to reach a revised size of US$73.5 Billion by 2030, growing at a CAGR of 45.9% over the
European shares rose on Friday and looked set to end the week higher as investors cheered robust results from tech giants in the United States, while Thyssenkrupp was on course for its best day in 23 months on a divesture announcement. The pan-European STOXX 600 index started the session with a 0.6% increase by 0845 GMT. The technology sector drove most of the gains on the top index as investors took comfort from upbeat quarterly results from U.S. technology giants Microsoft and Alphabet.
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